Frequently Asked Questions
Home – Frequently Asked Questions
What is title insurance and why do I need it?
Great question! Title insurance protects you from financial loss if there’s ever a problem with the ownership history of the property, like an unpaid lien or ownership dispute. It gives you peace of mind knowing your investment is safe and your rights to the property are protected.
What does title insurance protect me against?
I’m glad you asked! Title insurance protects you from hidden risks like unpaid taxes, liens, or errors in public records that could affect your ownership rights. Think of it as a safety net so you don’t inherit someone else’s problems when you buy your home.
Do I need title insurance if I’m paying cash for my home?
Absolutely! Even if you’re paying cash, title insurance is still important. It protects your ownership rights from unexpected issues—like an old lien or a missing signature from a past sale—that could come back to haunt you later.
How much does title insurance cost in Florida?
The cost depends on the property’s price, but Florida regulates rates so they’re the same no matter which company you choose. Would you like me to text you our closing cost calculator so you can get an instant estimate?
Who typically pays for title insurance in Florida?
In most Florida counties, the seller pays for owner’s title insurance, but in a few like Miami-Dade and Broward, the buyer often does. Would you like me to check your county’s standard for you?
Do you provide marketing materials for agents?
Yes! One of our most popular resources is the ‘31 Days to Become a Top Selling Agent’ virtual course—it’s packed with tips to help you grow your business. Would you like me to send you a link to enroll?
Can you help with quitclaim deeds?
While we don’t personally prepare quitclaim deeds, we can recommend a trusted real estate attorney to assist you.
Do you close timeshare transactions?
Unfortunately, we do not handle timeshare closings. We recommend contacting a company that specializes in timeshare transfers.
Do you close on weekends?
While our standard closings are Monday through Friday, we can sometimes arrange weekend closings by special request. Would you like me to send you our closing cost calculator via text so you can get started today?
Are you a real person?
That’s a fun question! I’m actually your friendly virtual assistant here to help you with all your title questions. I may not drink coffee, but I know closings like the back of my hand.
Can you tell me a joke?
Sure! Why don’t real estate agents trust stairs? Because they’re always up to something. Want to hear another or talk about your closing?
What is the closing process?
The closing process is when all the final paperwork is signed, funds are transferred, and ownership of the property officially changes hands. Our job is to make it smooth and stress-free for you!
How long does it take to close on a home in Florida?
Typically, it takes about 30 to 45 days from contract to closing. However, we can sometimes move faster for cash deals or if everyone’s ready to go!
What should I bring to closing?
You’ll need a government-issued photo ID, any documents we’ve requested ahead of time, and, if applicable, certified funds or wire transfer confirmation for your closing costs. Don’t worry—we’ll send you a checklist before the big day!
Can I close remotely or do I need to come into the office?
We can absolutely accommodate remote closings! With secure e-signing and mobile notary options, you don’t even have to leave your couch if you don’t want to.
What is a title search and why is it important?
A title search is when we review public records to make sure there are no legal issues, like unpaid taxes or liens, tied to the property. It’s how we ensure you’re getting a clean title to your new home.
What’s the difference between a title company and a real estate attorney?
In Florida, a title company like us handles the title search, closing process, and title insurance. A real estate attorney can provide legal advice. We often work closely with attorneys, but you don’t always need one for a standard closing.
Do you handle mobile closings?
Yes! We can send a licensed closer to your home, office, or even meet you at your favorite coffee shop. We’re all about convenience.
What happens on closing day?
Closing day is when you sign all the final paperwork, funds are transferred, and you get the keys to your new home. We’ll guide you every step of the way to make sure it’s easy and exciting.
Can you explain the settlement statement?
Of course! The settlement statement, or closing disclosure, is a document that breaks down all the costs and fees for both the buyer and seller. We’ll review it with you so there are no surprises.
What if I can’t attend the closing in person?
No problem at all! We offer remote signing options and can even arrange for a power of attorney if needed. Just let us know your situation, and we’ll make it work.
What fees are involved in closing?
At closing, there are a few standard fees like title insurance, recording fees, and settlement charges. We’ll provide you with a detailed breakdown ahead of time so you know exactly what to expect—no surprises!
Do you accept wire transfers?
Yes, we do! Wire transfers are the safest and fastest way to send funds for closing. We’ll send you secure wire instructions and guide you every step of the way.
How do I know your wire instructions are safe?
We take wire security very seriously. Always verify wire instructions by calling our office directly using the number on our website. And remember—we’ll never email you asking to change wiring details at the last minute.
What’s your policy on cashier’s checks?
We do accept certified or cashier’s checks under certain limits, but for larger transactions, a wire transfer is safer and more efficient. We’ll let you know which option works best for your closing.
Are there any hidden fees I should know about?
No hidden fees here! We pride ourselves on transparency. Everything will be clearly outlined in your settlement statement, and we’re happy to walk you through every line item.
Do you offer a closing cost calculator?
Yes! You can use our online calculator to get an estimate of your closing costs anytime. Or give us a quick call—we’re happy to run the numbers for you.
Can you provide a quote for title insurance?
Of course! Title insurance rates are based on the property’s purchase price and are regulated by the state of Florida. We can give you a quick and accurate quote.
Are title insurance rates regulated in Florida?
Yes, they are! The Florida Department of Financial Services sets the rates, so they’re the same no matter which company you choose. The difference comes down to the level of service—and we think that’s where we stand out.
Are title insurance rates regulated in Florida?
Yes, they are! The Florida Department of Financial Services sets the rates, so they’re the same no matter which company you choose. The difference comes down to the level of service—and we think that’s where we stand out.
Why do I need to pay recording fees?
Recording fees cover the cost of officially recording your deed and mortgage in the public records. It’s how the county ensures your ownership is legally recognized.
What happens if there’s a shortfall in escrow funds?
If there’s a shortfall, we’ll notify you right away and let you know how to send the additional funds to avoid delays in closing. Our goal is to keep things on track and stress-free for you.
What is wire fraud and how can I avoid it?
Wire fraud is when scammers trick you into sending funds to a fraudulent account. To stay safe, always verify wire instructions by calling us directly before sending any money. And remember—never trust last-minute wiring changes by email.
What is wire fraud and how can I avoid it?
Wire fraud is when scammers trick you into sending funds to a fraudulent account. To stay safe, always verify wire instructions by calling us directly before sending any money. And remember—never trust last-minute wiring changes by email.
How will I receive wire instructions safely?
We’ll send you wire instructions securely and follow up with a phone call to verify them. If you ever have doubts, call our main office number to confirm.
Can I verify your wire instructions over the phone?
Yes, and we encourage it! Always call our office directly to confirm any wire instructions before sending funds. It’s an important step to protect your money.
Do you call to confirm wire instructions?
Yes, absolutely! We call every client to verify wire instructions before any funds are sent. It’s part of our commitment to keeping your transaction secure.
What should I do if I suspect wire fraud?
Call us and your bank immediately! Time is critical. Also contact the FBI’s Internet Crime Complaint Center (IC3). Acting fast can make all the difference in recovering funds.
Where is your office located?
We’re proudly based in South Florida, and we can provide our exact address and directions. Plus, we offer mobile closings if coming to us isn’t convenient for you.
What are your business hours?
We’re open Monday through Friday from 9 AM to 5 PM, but we’re happy to accommodate after-hours closings by appointment.
Do you have Spanish-speaking team members?
Sí! We have Spanish-speaking team members ready to assist you and make sure you’re comfortable throughout the process
How long has Independence Title been in business?
We’ve been serving Florida since 2003 and have handled thousands of successful closings. Our experience means you’re in great hands.
What sets you apart from other title companies?
We’re all about combining professionalism with a personal touch. From our fast communication to our fraud prevention expertise, we’re here to make your closing as smooth and stress-free as possible.
Can I sign documents electronically?
Yes! We offer secure e-signing options for many of your closing documents. It’s fast, safe, and lets you sign from anywhere—even your couch.
Do you provide updates during the closing process?
Absolutely! We keep you in the loop with regular updates so you always know what’s happening. No guessing, no stress.
How can I contact my closer directly?
We’ll give you your closer’s direct contact information so you can call, text, or email anytime you have a question.
Is there a portal where I can upload documents?
Yes! We have a secure online portal where you can upload and access your documents 24/7.
Do you use secure email for sensitive information?
Yes, we use encrypted email to keep your sensitive information safe from prying eyes.
Why do buyers need title insurance?
Title insurance protects you from unexpected ownership issues like liens, unpaid taxes, or errors in public records. It’s your peace of mind as a new homeowner.
What happens if there’s a lien on the property?
If we find a lien during our title search, we’ll work with all parties to resolve it before closing so you receive clear ownership.
Can I use my own title company?
Yes! In Florida, buyers can choose their own title company. We’d be honored to work with you.
What is escrow and how does it work?
Escrow is like a neutral holding account where funds are kept safe until all the terms of the sale are met. We manage it to make sure everything goes smoothly.
Can you explain prorations at closing?
Prorations are adjustments for things like property taxes or HOA dues so each party pays their fair share. We calculate it all for you.
What is a title commitment?
A title commitment is our promise to issue title insurance after all requirements are met. It outlines what’s needed before you get full protection.
Do you help with FIRPTA withholdings?
Yes, we can guide you through FIRPTA if there’s a foreign seller involved to make sure all IRS requirements are met.
How do you handle new construction closings?
We handle new construction closings all the time! From builder contracts to final inspections, we make it seamless.
Can you help if I’m buying a property in a trust?
Yes, we can guide you through the process and work with your attorney if needed to ensure everything is set up properly.
Can I buy title insurance after closing?
Unfortunately, title insurance must be purchased at closing. But don’t worry—we’ll make sure you’re covered before the deal is finalized.
What does the title company do for sellers?
We coordinate the entire closing, clear any title issues, and make sure you get your proceeds quickly and securely. We’re here to make it easy.
When will I receive my sale proceeds?
Typically, funds are wired to you the same day as closing or the next business day. We know you’re excited to see those funds hit your account!
Can proceeds be wired to my account?
Yes! We can securely wire your funds to your bank account after closing.
Do I need to clear all liens before closing?
Yes, any liens must be resolved before closing. We’ll work with you to get everything cleared up.
What are documentary stamp taxes?
Doc stamps are a Florida state tax on real estate transactions. We’ll calculate and collect it for you at closing so it’s taken care of.
What are documentary stamp taxes?
Doc stamps are a Florida state tax on real estate transactions. We’ll calculate and collect it for you at closing so it’s taken care of.
Do sellers pay title insurance in Florida?
In most counties, yes, but it can depend on what’s negotiated in the contract. We’ll review it with you so you know exactly what to expect.
How do I prepare my payoff statement?
Just provide us with your lender’s contact info, and we’ll request the payoff statement for you.
Can I sign closing documents ahead of time?
Yes! We can arrange for you to pre-sign so you don’t have to attend closing in person.
What happens if my name has changed since I bought the property?
We’ll need documentation like a marriage certificate or court order to update the records. We’ll help you every step of the way.
Can you help with a 1031 exchange?
Yes, we work with 1031 exchange companies and can guide you through the process to defer capital gains taxes.
Do you offer net sheets for agents?
Yes! We can prepare custom net sheets to help you show your clients accurate closing costs.
Can you host closings at my office?
Of course! We’re happy to come to your office or arrange a mobile closer wherever it’s most convenient.
Do you provide marketing materials for agents?
Yes! We have a variety of tools and resources to help agents grow their business.
How do you communicate with lenders?
We keep lenders in the loop every step of the way with clear, prompt communication.
Do you handle FHA/VA loan closings?
Yes, we’re experienced with both FHA and VA loans and understand their unique requirements.
Can you accommodate rush closings?
We’ll do everything possible to meet your timeline and make a rush closing happen.
Do you handle assignments of contract for investors?
Yes, we work with investors regularly and are very familiar with assignment contracts.
Can I send you a contract to review before signing?
Definitely! We’re happy to look it over and answer any questions you may have.
Do you assist with short sales?
Yes, we have experience with short sales and can help coordinate with all parties involved.
What’s the best way for agents to submit contracts?
You can email them directly to our office or upload them through our secure portal.
How do you handle probate closings?
We work closely with attorneys and the court system to make sure probate closings are handled properly and smoothly.
Can you close if there’s a divorce involved?
Yes, we’ll coordinate with all parties to ensure a smooth transaction during what can be a stressful time.
What if the seller lives out of the country?
We handle international closings regularly and can work with foreign sellers to get documents signed securely.
Do you handle properties in foreclosure?
Yes, we can assist with foreclosure sales and make sure all requirements are met before closing.
Can you close on a property with a tenant in place?
Yes, we’ll help coordinate with the buyer and seller to ensure a smooth transfer of ownership.
Do you assist with mobile home closings?
Yes, we handle mobile home closings, including title transfers and land ownership verification.
How do you handle power of attorney closings?
We’ll review the POA documents to ensure they’re valid for the transaction and coordinate everything needed.
Can you help with quitclaim deeds?
Yes, we can prepare and record quitclaim deeds to transfer ownership between parties.
Do you close timeshare transactions?
Yes, we’re experienced with timeshare closings and can walk you through the process step by step.
Can you work with foreign buyers?
Yes, we work with international buyers often and are familiar with the unique requirements.
How do I schedule a closing?
Just give us a call or send an email, and we’ll find a date and time that works for everyone.
Can I reschedule my closing date?
We understand things change. Just let us know as soon as possible, and we’ll work to accommodate your new timeline.
What happens if my closing date changes?
We’ll coordinate with all parties to make sure everything stays on track, even if the date moves.
Do you close on weekends?
While our standard closings are Monday through Friday, we can sometimes arrange weekend closings by special request.
Can you close at my home or office?
Yes! We offer mobile closings so we can meet you wherever it’s most convenient.
What’s different about closing in Florida?
Florida is a title company state, meaning we handle the closing instead of attorneys. We also have unique things like homestead laws and documentary stamp taxes—we’ll guide you through them.
What are Florida’s homestead laws?
Homestead laws protect your primary residence from certain creditors and may give you tax savings. We can explain how it works at closing.
Do you handle properties in all Florida counties?
Yes! We can close properties anywhere in the state of Florida.
What are Florida’s documentary stamp tax rates?
The rate varies depending on the type of transaction. We’ll calculate it for you and include it in your closing costs.
Are there special rules for waterfront properties?
Yes, waterfront properties can involve additional considerations like riparian rights and seawall permits. We’ll make sure all the bases are covered.
Do you work with all real estate agents and lenders?
Yes, we’re happy to work with your agent or lender of choice and coordinate a smooth closing for everyone.
Can you explain Florida’s property tax system?
Florida property taxes are paid in arrears, meaning you pay for the previous year. We’ll prorate taxes so buyers and sellers pay their fair share.
Can you assist with investment property closings?
Absolutely! We work with investors all the time and understand the unique needs of investment transactions.
Can you handle commercial closings?
Yes! We’re experienced with both residential and commercial closings of all sizes.
Why choose Independence Title for my closing?
Because we treat your closing like it’s our own! With 20+ years of experience, a caring team, and a focus on security, we make every step simple and stress-free.